According to reports, Everton is willing to make a substantial payment to acquire the 32-year-old midfielder.
Fred moved to Fenerbahce from Manchester United for a reported €10 million plus €5 million in add-ons.
The Turkish club is said to be willing to sell Fred for around €17 million.
It is also reported that Fenerbahce is working on a deal to bring Tottenham midfielder Yves Bissouma to the club as a potential replacement for Fred.
